Asia
Thursday, 18 April 2013 17:46
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MUMBAI: Indian soyoil futures rose on Thursday, following gains in Malaysian palm oil and on lower imports of edible oils in March, while soybean futures erased early gains to end lower on profit-taking driven by a stronger rupee.Malaysian palm oil futures edged up after a drop to a four-month low earlier in the session lured back buyers.The key May soybean contract on India's National Commodity and Derivatives Exchange closed down 0.36 percent at 3,877 rupees per 100 kg.The key May soyoil contract finished up 0.65 percent at 709.05 rupees per 10 kg, while the rapeseed contract for May eased 0.45 percent to 3,522 rupees per 100 kg.A strong rupee makes edible oil imports cheaper and trims the returns of oilmeal exporters. The rupee rose on Thursday.At the Indore spot market in Madhya Pradesh, soyoil edged up 3.65 rupees to 725.15 rupees per 10 kg, while soybeans jumped 77 rupees to ...
MUMBAI: Indian sugar futures were treading water on Thursday as surplus supplies outweighed summer demand.The key May contract on India's National Commodity and Derivatives Exchange was down 0.17 percent at 2,950 rupees ($54.47)per 100 kg at 0905 GMT, after falling to 2,922 rupees in the previous session, its lowest level since April 9."Supplies pressure is weighing on sentiments. Ideally, prices should recover due to summer season demand, but mills are aggressively selling to generate cash ...
SINGAPORE: Malaysian palm oil futures edged up on Thursday after a drop to a four-month low earlier in the session lured back buyers, though gains were capped by persistent worries about the health of the global economy.Recent data from the United States and China -- the world's top two economies -- that fell short of expectations and raised concerns over slowing global growth have triggered this week's sell-off across markets from crude oil to gold.Palm ...
MUMBAI: Indian gold futures edged down, hovering near their lowest level in more than 18 months, weighed by a stronger rupee, giving an opportunity for physical traders to import in the middle of the wedding season.The actively traded gold contract for June delivery on the Multi Commodity Exchange (MCX) was 119 rupees lower at 25,560 rupees per 10 grams, after hitting a low of 25,333 rupees, still near the level last seen in September 2011.India, ...
SINGAPORE: Slowing Chinese growth and concerns over weaker global energy demand weighed down oil prices Thursday, with Brent crude falling back below $100 a barrel.New York's main contract, light sweet crude for delivery in May dropped 83 cents to $85.85 a barrel and Brent North Sea crude for June delivery declined 81 cents to $96.88 a barrel in mid-morning trade."Prices have ticked down as the Chinese slow growth story is still filtering through, and we're ...
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